Get De Pit-und 2021-2025

The DE PIT-UND form is essential for reporting the underpayment of estimated taxes in Delaware. This guide provides a clear, step-by-step approach to completing the form online, ensuring that all users can navigate the process with ease and confidence.

Follow the steps to fill out the DE PIT-UND form online effectively.

1. Click the ‘Get Form’ button to obtain the document and open it in your preferred editor.
2. Begin by entering your first name and last name in the designated fields. Ensure that the names match the details on your tax identification.
3. Fill in your taxpayer ID number accurately in the corresponding field to avoid processing delays.
4. Indicate whether the taxpayer is a farmer or fisherman by checking the appropriate box.
5. If using the annualization of income method, check the necessary box provided.
6. In Part 1, calculate the required annual payment: on Line A, enter 90% of your 2021 Delaware tax liability. On Line B, provide either 100% or 110% of your 2020 Delaware tax liability.
7. On Line C, enter the smaller of Line A or Line B. This value represents your required annual amount.
8. Proceed to Line D and enter any Delaware withholding, S Corporation payments, or refundable business credits for the year 2021.
9. Subtract Line D from Line C on Line E. If the result is less than $800, you do not owe a penalty.
10. In Part 2, record the amount of estimated tax payments made on Line F and any Delaware withholding, S Corporation payments, or refundable credits on Line G.
11. Add Line F and Line G on Line H and subtract this total from Line C on Line I to determine your total underpayment.
12. If needed, calculate the penalty in Part 4 by following the instructions for Lines 39 through 42.
13. Once all information is filled in and verified, save your changes. You can then download, print, or share the completed DE PIT-UND form as needed.

Complete your DE PIT-UND form online today for a seamless filing experience.